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Strategies & Market Trends : Shorts waiting to happen

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To: First Last who wrote (109)	5/31/1996 2:50:00 PM
From: Cadaver	of 852

NMBS hit a day's low of 14 3/4 today. Upper gap closes at 14 1/2. There is a good chance it will. May not close lower gap. If you are short, you can go ahead and cover. If you want to go long, 14 3/4 to 15 is ok if you are desperate for this stock or you have long term intentions. If you are a short term trader who wants to maximize profits, 14 1/2 to 13 1/2 is a good entry point. I have no idea about the fundamentals of this thing, but it should rebound sometime anyway. Even ZE did. Buy half at 14 1/2. This is for long term (if you are that type) Buy half at 13 1/2. This is for both long and short. You may or may not get it. Sell half for a good profit around 17 even if you are a long term investor. Buy back when it falls again. Traders sell all and go to the next hunt. Cadaver

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